I was getting nervous because David hasn’t posted in so long, so I called him at home and his wife told me that he had a heart attack last Thursday night at about 10pm. Last Friday he had quadruple bypass surgery and is recovering. Evidently all 4 arteries were 90% blocked. David didn’t smoke and was primarily a vegitarian, but his wife said he has a family history of heart problems. She is hoping that he will be released from the hospital this Thursday.

If the advocates of rescinding a provision of that Act are to be believed, this is what’s preventing the “price discovery” Treasury Secretary Paulson has stated is essential.

Further, if that rule change was made, there would be no need for the proposed $700B bailout.

Yeah, WTF?!

What Wall Street did today was shoot itself in the foot. After yesterday, people were shaken. Now it’s as if yesterday we watched someone jump out a window, bounce off an awning, slide to the pavement — and today the guy jumps to his feet, dusts himself off, and slowly walks away as if nothing happened!

“I shouldn’t say this, but I’m going to say it anyway. Screw the market! …. OK, I’ll take that back, not screw the market but let me tell you something,” conservative talk show host Rush Limbaugh said as part of his analysis of Monday’s events.

“When the government fails to pass a socialism bill and the market goes south, let it go south. I don’t want to pass a socialism bill just to protect the stock market,” said Limbaugh, by far the most popular host on U.S. radio.